Getting Closer?: President Obama and House Republicans on Thursday met to discuss a plan to lift the federal debt limit through late November, raising hopes that Washington would avert its first default on the national debt. But the two sides remained at odds over how and when to end the government shutdown, The Washington Post reports.
You Think Your Legal Expenses Are High?: Mega-bank JPMorgan Chase & Co. reported its first loss under Chief Executive Officer Jamie Dimon after taking a $7.2 billion charge to cover the cost of mounting litigation and regulatory probes, Bloomberg reports.
Peace Prize: The Organization for the Prohibition of Chemical Weapons won the Nobel Peace Prize today. "Recent events in Syria, where chemical weapons have again been put to use, have underlined the need to enhance the efforts to do away with such weapons," the Norwegian Nobel Committee said in Oslo, according to the Associated Press.
Ethanol Fight: According to a leaked proposal, the U.S. Environmental Protection Agency plans to significantly scale back biofuel blending requirements next year because the U.S. fuel chain cannot absorb more ethanol. Renewable fuel backers appeared to signal a likely challenge to the 2014 rule, Reuters reports.
Script Suit: Warner Brothers was hit with a suit over the authorship of its Clint Eastwood baseball movie, “Trouble With the Curve.” The studio publicly called the accusations of script theft “reckless and false," The New York Times reports.